scorecardresearchCommodities Slump Is Set to Give India Relief From Inflation

Commodities Slump Is Set to Give India Relief From Inflation

Updated: 09 Jul 2022, 08:45 AM IST
TL;DR.
India’s policy makers and consumers will be cheering a steep slump in commodities, especially palm oil, which could bring about a few months of “surprisingly low” food inflation.
A farmer holds grains of wheat in a field in Polykastro, Greece, on Friday, July 1, 2022. Global food prices surged to a record after Russia�s Feb. 24 invasion disrupted exports of grain and vegetable oil through Ukraine�s Black Sea ports, adding to cost pressures from logistics snarl-ups and a rebound in consumer demand after the coronavirus pandemic. Photographer: Konstantinos Tsakalidis/Bloomberg

A farmer holds grains of wheat in a field in Polykastro, Greece, on Friday, July 1, 2022. Global food prices surged to a record after Russia�s Feb. 24 invasion disrupted exports of grain and vegetable oil through Ukraine�s Black Sea ports, adding to cost pressures from logistics snarl-ups and a rebound in consumer demand after the coronavirus pandemic. Photographer: Konstantinos Tsakalidis/Bloomberg